By : Laura Wood
Category : Beacon Technology Nepal, Bluetooth Beacon Technology
The Europe Proximity sensors market is expected to increase to $1.12 billion by 2018 at a CAGR of 7.15% over the period 2014-2020. The need for enhanced production efficiency in verticals such as process industries, automotive manufacturing and industrial applications is expected to be the key driver for the proximity sensors market in this region.
Additionally, pollution control and worker safety in Europe have led government regulations aimed at improvements. These regulations have a positive impact on the proximity sensors market, increasing demand for automation and strong growth in capital investments are the key drivers which are making the Europe Proximity Sensors market to grow lucratively.
The growth of the proximity sensors market is currently being hindered by limitation in product variation among different manufacturing companies and Limitation in sensing capabilities. Photoelectric proximity sensors technology is the fastest growing market, because of their extensive use in automotive and material handling applications.
Meanwhile, capacitive proximity sensors technology are estimated to have the highest growth rate throughout the forecast period. Magnetic Proximity Sensors are the preferred choice for the detection of non-contact magnets. Further applications are of automatic door units such as garage doors or doors inside buildings, elevator doors and doors inside railway coaches. The building and automotive sector are further industries using high volumes of proximity sensors.
(Source : businesswire.com/news/home/20151218005952/en/Research-Markets-Europe-Proximity-Sensors-Market-- )
No comments:
Post a Comment